China Exim Bank to increase shipping loans to $14bn in 2013
The Export-Import Bank of China (China Exim Bank) is expecting to boost its loans to the shipping industry by $2 billion this year to a total of $14 billion, according to Chen Bin, the bank's deputy general manager, transport finance department, Ship & Bunker reports.
The bank was said to have inked around $12 billion of deals last year, and Chen said they have a lot of deals currently under consideration.
"We believe that the committed amount may increase this year by more than $2bn," said Chen, who also noted that the current downturn in global shipping has presented opportunities for the bank.
Read more: http://shipandbunker.com/news/apac/185304-china-exim-bank-to-increase-shipping-loans-to-14bn-in-2013
